California Statutes
§ 1197. — 1197. (Amended by Stats. 2009, Ch. 234, Sec. 9.)
California·Code INS Insurance Code - INS·Div. 1. DIVISION 1. GENERAL RULES GOVERNING INSURANCE·Part 2. PART 2. THE BUSINESS OF INSURANCE·Ch. 2. CHAPTER 2. Incorporated Insurers·Art. 4. ARTICLE 4. Property Authorized for Excess Funds Investments
Excess funds investments shall not be made in a loan or any other obligation to any one borrower or obligor, including all affiliates which shall be treated as one borrower or obligor, in an amount exceeding 10 percent of the capital stock and surplus or 1 percent of the admitted assets of the lending insurer, whichever amount is greater.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 1197. (1197. (Amended by Stats. 2009, Ch. 234, Sec. 9.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2009, Ch. 234, Sec. 9. (AB 299) Effective January 1, 2010.